Using the financial information provided on the attached income statement and balance sheet for Lakeside Company, perform the following analytical procedures:
|
Current |
1.36 |
1.36 |
|
# Days inventory on hand |
93.03 |
100.52 |
|
Receivable collection period (days) |
20.63 |
24.71 |
|
Debt-to-total-assets |
75% |
75% |
|
Times interest earned |
3.58 times |
2.79 times |
|
Profit Margin |
2.79% |
2.27% |
|
Return on Assets |
8.48% |
6.73% |
|
Return on Equity |
33.17% |
26.41% |
What is your overall assessment of the significance of the ratios in 2007 and 2008? What is your overall assessment of the change in ratios from 2007 to 2008?
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